I’m wishing a belated Happy Easter to ALL Financial Wave readers who celebrate! Did you happen to notice the prices of those Easter bunnies, eggs, and baskets? I consider myself a “Chocoholic!” Indulging in a piece of chocolate has long been a source of comfort and delight for humans all around the world. Recently, that pleasure has come with a…read more →
No matter where you go these days, the bank, supermarket, or daycare to pick up the kids the number one topic of conversation in our nation is rampant inflation! This is also a major problem across the world. As of the writing of this article, the G7 leaders are meeting in Bavaria, Germany to discuss “global inflation” and the war…read more →
We just broke an all-time USA record! Unfortunately, it was a record for the national average for a gallon of gas breaking $5 for the first time ever last Saturday. The price at the pump was up 30 cents over the last 3 days and increased $2.04/gal from 12 months ago. According to Opis, a company that tracks gas prices…read more →
Due to a combination of events including Covid-19, the Suez Canal 2021 container ship backlog, and the current Russian invasion of Ukraine, there are gas supply-side issues that are driving up prices. At one point, the U.S. was producing enough gas domestically to not have to import any gas from overseas. These are some reasons why we are in economic…read more →
You will be hearing about inflation frequently during this holiday season. The current administration forecasted a 2% inflation rate. The Consumer Price Index numbers were just released, and from October 2020 to October 2021 the inflation rate was 6.2%! This is the highest increase in the last 30 years! My friend Jay (originally from New Jersey) was in town from…read more →
Last weekend, President Biden’s $1.2T infrastructure bill passed, in a bipartisan Senate and House of Representatives. This bill will have a disproportionately positive benefit for New York and Rockaway in particular! There is an old saying, “the squeaky wheel gets the oil,” and this is what is going to happen with New York since we have more infrastructure needs than…read more →
The Social Security Act (SSA) was signed into law by then-President Theodore Roosevelt on August 14th, 1935. In addition to several provisions for the general welfare, the new Act created a social insurance program designed to pay retired workers aged 65 or older, a continuing income after retirement. As per SSA.gov taxes were collected for the first time in January of…read more →
There is an old saying, “Ignorance is Bliss!” My new saying during this Covid-19 era is “Ignorance is Super-Expensive!” In my 30-year career, I have never seen more advisor ignorance and malpractice. Keep this in consideration if this is the first you are hearing about this. There have been MAJOR CHANGES in tax deadlines and proposed changes in tax, gifting,…read more →
On Thursday, March 11th, President Joe Biden signed The American Rescue Plan into law almost a year to the day when it was acknowledged that Covid-19 had hit the USA, and it was deadly! This is the 3rd stimulus program since the pandemic has begun, and the question on most people’s minds is “Where is My $1,400 Check?” This third…read more →
It now appears Joe Biden will be taking over the reins of power in January. I feel this is a good time to address some changes he might make based on his platform. The question is, what does “BIDENOMICS” mean to your wallet or purse? Over the years, I have found that politicians’ actions are often incongruent to their words. …read more →
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